Expected ROI of microgrid storage project in Portugal 2030

What are the objectives of the modelling of the Portuguese power system?

The objectives of the modelling of the Portuguese power system are the following: • The prediction of the energy mix for 2030. • The prediction of the utilisation of the storage capacity, namely with projections of the energy consumed by pumped hydro storage (PHS). • The prediction of CO 2

What is the installed capacity of the Portuguese energy system?

By the end of 2014, total installed capacity in the Portuguese system was 17.83 GW [RENa15]. The installed capacities per generation technology are presented in table 2.2 [RENa15]. The capacity of the SSG was 6979 MW and of the OSG was 6979 MW.

Can a gradient-boosting algorithm predict electricity prices for 2030?

The research proposes a new methodological approach by performing EnergyPLAN simulations for the year 2030 for Portugal and Spain, coupled with a gradient-boosting algorithm to forecast the electricity market prices for 2030.

What percentage of energy will be generated from thermal OSG in 2030?

In a dry year in 2030, the percentage of energy from thermal OSG will be 32% which is roughly the same as the one generated in 2014 if this year had had normal conditions.

How much interconnectivity is needed in Portugal?

With the expected total installed capacity of 21162 GW in continental Portugal [RMSA17], the interconnection capacity is supposed to be at least around 3.2 GW to comply with interconnectivity level. This value is soon to be reached with the conclusion of the ongoing Projects of Common Interest.

What type of storage is used in Portugal?

The type of storage widely used in Portugal corresponds to the second type mentioned: pumped-hydro with a reservoir that is connected to a river flow. EnergyPLAN requires the storage capacity in the reservoirs and the pump back capacity.